Tag Archives: what is forex

Best Forex Moving Average Strategy for Intraday Trading

3Dimension  Strategy. This Strategy is a 3 Dimensions Trading Strategy.  That is why I call as 3D System.  This System is mainly useful for Intra-day Traders.  Swing Traders also can use this System as well. This System is a Trend Trading Strategy.  This System can be used in our everyday trading.  Trading this System in between 7am to 4pm GMT ...

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How to Install Custom Indicators in MT4 Build 600 Version

How to Install Custom Indicators in MT4 Build 600 Version To install Custom Indicators, Expert Advisors, Templates, Scripts and any DLL Files, open the MT4 Terminal first.  Click on “File” button and then click “Open Data Folder” button. A new Folder will open.  If you want to install Templates File, Copy the File, go to the MT4 Data Folder, open ...

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How to Use MACD Indicator

MACD is the short form of “Moving Average Convergence Divergence”.    MACD was developed by Gerald Appel. MACD is pronounced as either “MAC-DEE” or “M-A-C-D”. MACD is nothing but the combination of Moving Averages.  MACD is the difference between 12(Fast) and 26(Slow) Exponential Moving Averages(EMA). Generally, in Technical Analysis,  MACD is considered as Lagging Indicator, but it acts as Leading Indicator ...

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How to Use Bollinger Bands

What Are Bollinger Bands? Bollinger Bands are developed by John Bollinger.  They were used to measure Market’s Volatality.  Bollinger Bands are calculated as a Particular Period SMA and a Standard Deviation Levels. It contains 3 Bands. In Daily Time Frame; Upper Band : 20 Day SMA + (20Day SD X 2) Milldle Band: 20 Day SMA Lower Band : 20 ...

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How To Calculate Moving Averages

What is Moving Average? Moving Average is an Indicator which shows average moving of Prices over a period of time in a pre-determined time. Main Moving Averages are 3 Types: Simple Moving Average(SMA) Weighted Moving Average(WMA) Exponential Moving Average(EMA) Simple Moving Average: To get Simple Moving Average, take all the closing prices for the days or any time frame we ...

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What is Support and Resistance

What is Support and resistance? Support: Previous significant Low of the Price acts as Support. Support(Floor) levels prevent the market from moving prices downward. Price tends to bounce from Support. More times Price respects Support Area, the stronger the Support. However, once Price brakes the Support, it is likely to continue until it finds another Support level. Resistance: Previous significant ...

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How Forex Market Moves

How the Forex Market moves? Usually, market moves in three different ways.  They are: Up Trend Down Trend Sideways Trend (Ranging) Up Trend: When the price is moving upwards, we call it as Up Trend.  Up Trend forms Higher Highs and Higher Lows or a series of Ascending short term Bottoms.  When we find minimum three Bottoms we can call ...

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Candlestick Patterns

Japanese Candlesticks and Patterns: In the olden days, Japanese used to use Candlesticks to trade Rice.  But, Steve Nison discovered the secret techniques of Japanese Candlesticks.  In Candlestick Charts, we can find some Patterns what give us the prior intimation whether to go Bullish or Bearish.  Those Patterns will form with Single Candle, Two Candles and Three Candles.  See the ...

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Types of Forex Charts

Chart Types: Forex, Commodities, Equities and Bullion, whatever it may be, there are 3 types of Charts available.  They are: Line Charts Bar Charts Candlestick Charts Line Chart:  When we draw a line adding one closing price to another closing price, we can see the Line Chart.  See the example below: With Line Chart, we can see the price movement ...

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What is Spread

Bid/Ask: All Forex prices are quoted with two prices.  Those are… Bid and Ask. The Bid price is the best available price where we can Sell the base currency against quote currency. The Ask price is the best available price where we can Buy the base currency against quote currency. The Bid price is always lower than the Ask price. ...

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